July 12, 2018
Perhaps you saw the recent Forbes article*, touting Asheville as one of 25 cities in the United States entering a real estate boom period. We’ve seen these before, but it’s unusual for Asheville to be mentioned as one of only 25 such cities. What does that mean for you? If you’re a home buyer, or pondering the possibility of purchasing a home, now is the time to act. Prices are only going to go up.
Even though Asheville was specifically mentioned, we in the mountains of Western North Carolina know that surrounding communities will also be affected by the boom. Buyers will be priced out of the Asheville market, and will be looking to Weaverville, Canton, Candler, Waynesville, Hendersonville, and other neighboring towns to find more affordable housing.
If, on the other hand, you’re a seller, you will consider whether to sell now, or to wait another year or two or five, to see what the market does. If you don’t need to sell, you may decide to hold off a while, and see if you can get a larger profit. Home values around here have been increasing at something like 10% a year, which is pretty phenomenal.
Don’t wait too long, though, to take advantage of increasing home values and prices. It’s hard to predict what will happen several years down the road. But when you do decide to sell your property, of course you know where to turn: Foley Realty, your family real estate firm. Combined, we have many years of experience; and the newer brokers are well-trained, mentored, and very capable of handling your listings and your purchases.